
May ICE NY cocoa (CCK24) this morning is up +304 (+3.07%), and May ICE London cocoa #7 (CAK24) is up +36 (+0.44%).
Cocoa prices this morning are stronger, with NY cocoa sharply higher as prices consolidate just below their recent all-time highs. Gains in London cocoa are limited after the British pound (^GBPUSD) today rallied to a 2-1/2 week high. Strength in the pound is undercutting cocoa that is priced in terms of sterling.